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Posted by on Sep 13, 2012 in Bubbleinfo TV, Market Conditions | 3 comments | Print Print

Wilder West

The QE3 should cause more folks to look for healthier yields from hard assets.

The yellow carpet pictured here was from the duplex on Dixie, listed for $1,050,000 (and now pending) for what is essentially a teardown.  Someone made a cash offer that was $100,000 over list price….and lost:

Here’s another one below. These four 1-br units are on a 50-foot wide lot with no view listed for $1,599,888 yesterday, and it’s a teardown too. But it already has an offer on it – the link:

http://www.redfin.com/CA/La-Jolla/313-319-Nautilus-St-92037/home/4915051

3 Comments

  1. The Nautilus sale is no surprise to me. Close to the beach, shopping, dining, and (very importantly) La Jolla high school.

  2. Edit to above: Woops, didn’t quite comprehend that it was four 1br rentals. My reasoning was based on a single-family home in the same location. Jim, feel free to delete that comment and this one.

  3. What are the monthly rentals? That might explain the price.